New Delhi: The Centre has notified setting up of 31 GST appellate tribunal benches across the country to ensure quick resolution of disputes related to Goods and Services Tax (GST) between the government and businesses, and central and state governments.
Read MoreSource: https://www.livemint.com/industry/banking/gst-on-brand-name-usage-baffles-banks-11694715629173.html
Banks are facing uncertainty on the applicability of goods and services tax (GST) on the use of a common brand name of the bank by all its branches and subsidiaries, said two people privy to the development.
Read MoreSovereign Gold Bonds (SGBs) offer assured returns, no storage hassles, no capital gains tax, can be used as collaterals for loans, and have no GST or making charges
Read MoreThe Indian Government has introduced a significant change in the reporting of invoices on the e-invoice IRP portals. Taxpayers with an Aggregate Annual Turnover (AATO) exceeding 100 crores will now face a strict time limit for reporting invoices. This article delves into the details of this crucial update and its implications for large taxpayers.
Read MoreIntroduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially those with an Aggregate Annual Turnover (AATO) of equal to or greater than 100 crores. Effective from November 1, 2023, taxpayers falling within this category will be subject to a strict 30-day time limit for reporting invoices from the date of the invoice itself. This advisory aims to provide clarity on this new development and its implications for taxpayers.
Read MoreNo proposal to impose additional 10% GST on sale of diesel vehicles, says Road Transport Minister Nitin Gadkari.
Read MoreIndia's Road Transport Minister plans to propose a 10% tax on diesel engine vehicles to the finance minister.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gstn-warns-unauthorized-scraping-gst-common-portal.html
The Goods and Services Tax Network (GSTN) recently issued an advisory to GST Suvidha Providers (GSPs), warning them against malpractices like scraping the GST Common Portal. GST Suvidha Providers are third-party service providers authorized by GSTN to help taxpayers comply with the complex requirements of the GST system in India. They act as an essential bridge between end-users and the GST Common Portal.
Read MoreNEW DELHI : Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September.
Read MoreNew Delhi: Companies offering incentives to their dealers in the form of assets, such as gold coins, may face tax uncertainties under goods and services tax (GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR).
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